Fast Food Chicken and Burger Restaurant in North London For Sale

Situated in a parade of shops, main road trading position, NORTH LONDON

Turnover £ 3,500
Price £120,000

Features

Fast Food Restaurant Renowned For Smash Burgers, Wings and Buritos

DOUBLE FRONTED PREMISES, in the region of 550 ft², WITH ELECTRIC SHUTTERS, Luxury vinyl tiled flooring, plasternboard ceiling with spot ligts, neons and LED lighting.

Customer waiting area.

Tables and chairs seating 18 customers.

Sales counter, EPOS cash register, under counter fridge, etc

Kitchen with stainless steel extractor, double basket deep fat fryer, 4 burner hob, electric griddle, microwave, 4 door freezer, chest freezer, tall single door fridge, double sink and drainer, 3 stainless steel preparation tables, 2 blenders, etc.

Customer cloakroom with toilet and wash hand basin.

Secure stockroom.

Staff cloakroom with toilet and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,500 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the vendor with 2 full time staff employed.

Trading Hours

7 Day week
MONDAY - THURSDAY 12 noon - 10 p.m.
FRIDAY 3 p.m. - 10 p.m.
SATURDAY & SUNDAY 12 noon - 10 p.m.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2025 with reviews every 5 years (next review 2030) at a current rent of £20,000 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2025 AND OFFERED FOR SALE DUE TO OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 60,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote